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Pivot: 1.1080
Most Likely Scenario: long positions above 1.1080 with targets at 1.1150 & 1.1180 in extension.
Alternative scenario: below 1.1080 look for further downside with 1.1050 & 1.0990 as targets.
Comment: the RSI shows upside momentum.
GBP/USD Intraday: the upside prevails.
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Pivot: 1.2275
Most Likely Scenario: long positions above 1.2275 with targets at 1.2355 & 1.2400 in extension.
Alternative scenario: below 1.2275 look for further downside with 1.2250 & 1.2200 as targets.
Comment: the RSI is bullish and calls for further upside.
USD/JPY Intraday: the downside prevails.
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Pivot: 103.50
Most Likely Scenario: short positions below 103.50 with targets at 102.45 & 102.00 in extension.
Alternative scenario: above 103.50 look for further upside with 103.90 & 104.65 as targets.
Comment: The pair is trading within a bearish channel.
AUD/USD Intraday: the upside prevails.
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Pivot: 0.7635
Most Likely Scenario: long positions above 0.7635 with targets at 0.7690 & 0.7705 in extension.
Alternative scenario: below 0.7635 look for further downside with 0.7610 & 0.7585 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: the bias remains bullish.
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Pivot: 1292.00
Most Likely Scenario: long positions above 1292.00 with targets at 1310.00 & 1318.00 in extension.
Alternative scenario: below 1292.00 look for further downside with 1285.00 & 1279.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (Z6) Intraday: capped by a negative trend line.
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Pivot: 46.87
Most Likely Scenario: short positions below 46.87 with targets at 45.00 & 44.45 in extension.
Alternative scenario: above 46.87 look for further upside with 47.35 & 48.23 as targets.
Comment: the RSI lacks upward momentum.